LIC Shares Allotment: The allotment of shares of the country’s largest IPO LIC IPO will be final tomorrow (May 12). The policyholders showed the most interest in this issue of Rs 21 thousand crore of the country’s largest life insurance company LIC and the reserved share for them was 612 percent subscribed. Overall LIC’s IPO was subscribed 2.95 times. The issue was open for six days between May 4 and May 9 and bids were accepted on Sunday. Now tomorrow the allotment of its shares will be final, after which investors can check its status by visiting BSE or the site of issue registrar KFin Tech Private Ltd. Stepwise complete process is given below.
How to check allotment status through KFin Tech Private Ltd
IPO Status Section of Investor KFin Tech Private Ltd Website https://ris.kfintech.com/ipostatus/ You can check after the allotment is finalized.
After reaching this page, select the IPO whose allotment status is to be checked. Here you have to choose LIC.
After this, application number or DP ID / Client ID or PAN, one of these three options will have to be selected, through whose details the allotment is to be checked.
If Application Number is selected then choose Application Type and enter Application Number. If DP ID / Client ID is selected then select Depository and enter DPIP, Client ID. If PAN is selected then fill the PAN.
Fill the captcha and submit.
The information about the number of shares applied for and the number of shares allotted will be displayed on the screen.
Check allotment like this on BSE website
- investor https://www.bseindia.com/investors/appli_check.aspx But you can check the allotment status.
- Select Equity and select IPO from the drop down menu. Here you have to choose LIC.
- Enter Application Number and PAN.
- Click on ‘I am not a Robot’.
- By clicking on the search tab, you can see the status details whether the share has been allotted to you or not.
Listing of shares on May 17
LIC shares are listed on May 17. Before listing, the craze of its shares in the gray market has decreased. If we look at the Gray Market Premium (GMP), the indications regarding the listing are getting weaker and its premium has come down to Rs 10. The response of investors regarding this issue was also mixed. The share reserved for QIBs (Qualified Institutional Investors) was subscribed 2.83 times, NII 2.91 times, retail investors 1.99 times, employees 4.40 times. The maximum share of policyholders was subscribed 6.12 times. LIC had fixed a price band of Rs 902-949 for shares with a face value of Rs 10 and lots of 15 shares. Retail investors and employees were given a discount of Rs 45 and policyholders Rs 60 per share.